Happiest Minds becomes eigth biggest IPO of decade

Read Time:36 Second

To say Happiest Minds Technologies’ initial public offering was a hit on D-Street would be an understatement. The Rs 702-crore public issue was subscribed 150.98 times, making it the eighth biggest IPO of the last decade.

The IPO of the Mumbai-headquartered digital IT services provider was subscribed 351.5 times by non-institutional investors and 77.4 times by
Qualified Institutional Buyers (QIB) during September 7-9. Retail demand for the issue was strong as well, garnering 70.94 times subscription.

Salasar Techno Engineering currently holds the spot for the most subscribed IPO of the last decade, notching 277.28 times subscription in its July 2017 issue, data shows.

About Post Author

The India Wire Team

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published.

Previous post CBI books 2 firms including Vadodara’s Diamond Power subsidiary for defrauding banks of over Rs 150 crore
Next post Mumbai court denies bail to Rhea Chakraborty in drug case